The new companies will be focused on aviation, healthcare, and energy (renewable energy, power and digital) respectively. On November 9, 2021, the company announced it would divide into three public companies. Two employees of GE- Irving Langmuir (1932) and Ivar Giaever (1973)-have been awarded the Nobel Prize. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. Until 2021, the company operated through aviation, power, renewable energy, digital industry, weapons manufacturing, locomotives, and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. General Electric Company ( GE) is an American multinational conglomerate incorporated in New York State and headquartered in Boston.
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